IFSB-INCEIF Forum To Discuss Issues In Promoting Healthy Competition In Islamic Finance

KUALA LUMPUR, June 16 (Bernama) -- The 11th Islamic Financial Services Board-The Global University of Islamic Finance (IFSB-INCEIF) Executive Forum will look at issues related to promoting both standardisation and healthy competition in the Islamic financial services industry. Simultaneously, the two-day forum, from Aug 16, 2017, will explore the potentials of financial technology (fintech) in Islamic finance and the industry’s contribution to financial Inclusion. “The forum will be divided into six sessions, including an overview of Islamic banking products – Principles and Parameters; Consumer Financing Products – Strategies for Innovation; and Shariah Rules in Products Development: Branding, Ethics and Innovation. “The forum targets participants from among the mid to senior-level management, who seek to sharpen their skills and deepen their knowledge on the industry’s driving factors, as well as broaden their cross-border perspectives,” IFSB and INCEIF said in a joint statement Thursday. Themed ‘Creativity and Innovation in Islamic Financial Products: Standardisation and Competitiveness’, the IFSB-INCEIF Executive Forum aims to push the current boundaries and explore the capabilities of the Islamic finance industry to innovate and develop an array of products to satisfy different customer segments. It also aims to delve into, and draw upon, the market player's perspectives on product development and innovation in Islamic finance. -- BERNAMA